10.02.2025 Disallowance of flat rate holding discount when determining ... When valuing an unlisted share in a corporation for gift tax purposes a constant flat-rate holding markdown is not acceptable. The market value of an unlisted share in a corporation can only be derived from sales between third parties if the sales take place in the normal course of business and in accordance with ongoing market principles, the Supreme Tax Court said in a most recent judgment. Categories: Supreme Tax Court casesKeywords: valuation, market value
17.10.2012 No write-down to market value of fixed-interest bonds held a ... The finance ministry has called upon tax offices to follow a Supreme Tax Court judgment prohibiting a write down of fixed-interest securities to their lower current market rate where there is no risk of ultimate loss. Categories: Official PronouncementsKeywords: fixed-interest, write-down, market value
